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Sellers - Do you know what homebuyers want?

What can sellers do to their own homes to make them more desirable to most buyers?

If you are looking to take advantage of the 2022 real estate market, but aren’t quite sure which angle to take, here is a list of what Millennials and first-time homebuyers want:

Updated Kitchens And Baths - Are a must -81 percent of buyers  recognized updated kitchens and bathrooms as the most important feature when considering whether or not to purchase a home.  I recommend upgrading your kitchen to the point that  it is slightly better than those within proximity. 

Open Floor Plans -I f at all possible, I recommend eliminating any walls that separate the kitchen from the living room. People of all generations, not only millennials, have come to favor the open kitchen concept, as it allows for a more conversational flow to the property. 

Low-Maintenance Features- First-time homebuyers are inclined to favor properties that require little to no maintenance. The idea of saving money on maintenance is a strong selling point and one home sellers need to consider.

Energy Efficiency -Sellers are advised to include as many energy-efficient upgrades in their homes as possible if they want to attract the interest of first-time buyers.

Wireless Connectivity- No other generation is more aware of what today’s technology is capable of than millennials. That said, it is safe to assume that their inherent dependency on technology will affect the way millennials buy homes.  Be proactive and address any issues your property may have with connectivity.  For less than $100, you can buy a signal booster and eliminate any concerns your future buyers may have.

Laundry Rooms - Often overlooked but never unappreciated, laundry rooms have found themselves at the top of almost everyone’s priorities list. 

Patios - With many first-time buyers moving up to a home, a top priority will be more space. More often than not, new buyers come from cramped living spaces, and moving up is more of a need for more space than anything else. That said, it shouldn’t surprise sellers to learn that patios are wanted by about 87.0% of today’s buyers. Since most first-time buyers are used to using a balcony, a patio makes a lot of sense; it’s a relatively simple upgrade that can make a world of difference.

Garage Storage Space - Most first-time homebuyers are looking to replace their current living situation with more spacious accommodations.  Sometimes the whole reason someone wants to buy a home is for more space, which would explain why about 85.0% of today’s buyers demand garage storage space.

Exterior Lighting - Exterior lighting is a great way to add both curb appeal and functional lighting.  A properly lit home is much more attractive and welcoming to anyone passing by or stopping in for a visit, plus exterior lighting is an added safety feature.  For a relatively low cost, exterior lighting can be installed for as little as $50.00 a fixture. 

Walk-In Pantry- Walk-in pantries are a great way to add more space to a home. Typically around five square feet, walk-in pantries are what first-time homebuyers are looking for in a new place.